Nifty Bullish, Bears trying hard, Tug of WAR ON, Lets analyse
Did not trade today, But my targets Achieved As you would have noticed it.
Nifty in higher time(D) frame is in Bullish Reversal Shark Pattern and it is intact. But in 1 hour time frame it is bearish.
The anticipated correction happening but how much it will correct it depend on the Bears strength.
Still will it correct? My view is yes and no.
It will try to consolidate here 10820-10940-11080-11120. It is trying to hold near 10950 if sustain tomorrow then we can see a bounce back to 11080-11120. If it further sustains then we can see 11180-11250 level.
In my view A probable gap up will happen above 11000, we will see if any higher high and higher low is seen in 5 min time frame near 11020 then we can target for 11080 and again if higher high and higher low is seen in 5 min time frame it will show 11120 level.
I am little Bullish for tomorrow. But if it does not sustain 10980 then we can go below 10820 so be careful while trading.
Buy Nifty above 11020 if a Higher high and higher low is seen in 5 min time frame.
Target 11060-80-11120
SL-10980
Sell below 10980 if a Lower low and lower close is seen in 5 min time frame.
Target 10950-30-10880
SL-11040
Rule.
Always expect a retracement in the opposite direction after it gives a higher high higher close or Lower low lower close, so when it happens and crosses level you should enter the trade. Safest entry but Market is supreme you know anything can happen.
Trade safe.
Cheers!!
Nifty in higher time(D) frame is in Bullish Reversal Shark Pattern and it is intact. But in 1 hour time frame it is bearish.
The anticipated correction happening but how much it will correct it depend on the Bears strength.
Still will it correct? My view is yes and no.
It will try to consolidate here 10820-10940-11080-11120. It is trying to hold near 10950 if sustain tomorrow then we can see a bounce back to 11080-11120. If it further sustains then we can see 11180-11250 level.
In my view A probable gap up will happen above 11000, we will see if any higher high and higher low is seen in 5 min time frame near 11020 then we can target for 11080 and again if higher high and higher low is seen in 5 min time frame it will show 11120 level.
I am little Bullish for tomorrow. But if it does not sustain 10980 then we can go below 10820 so be careful while trading.
Buy Nifty above 11020 if a Higher high and higher low is seen in 5 min time frame.
Target 11060-80-11120
SL-10980
Sell below 10980 if a Lower low and lower close is seen in 5 min time frame.
Target 10950-30-10880
SL-11040
Rule.
Always expect a retracement in the opposite direction after it gives a higher high higher close or Lower low lower close, so when it happens and crosses level you should enter the trade. Safest entry but Market is supreme you know anything can happen.
Trade safe.
Cheers!!
Note
Entered @ 10973booked profit @10940
Done for the day.
Trade closed: target reached
Sell side all targets Reached, But i only captured 33 points.Note
So today only mine 4k profit .So finally Bulls took the charge at the end, But we need confirmation for that.
I will share my view in next post.
Cheers!!
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